top of page
roicelropino

Purchases Returns Journal

Nov 25, 2019 — Purchase Return Bookkeeping Entries Explained ... The amount owed to the supplier would have been sitting as a credit on the accounts payable ...












Purchases Returns Journal


On the income statement, the purchases returns and allowances account is ... returns the merchandise, and makes a journal entry that decreases (debits) .... The four main special journals are the sales journal, purchases journal, cash ... and closing entries, and can be for sales returns and/or purchase returns.. Mar 13, 2019 — Purchase Return: When inventory purchased is subsequently returned to the supplier, the journal entry is to debit accounts payable or accounts ... 3925e8d270





0 views0 comments

Recent Posts

See All

Comentários


bottom of page